Show:
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
100
Planning, recording, analyzing, and interpreting financial information
What is accounting?
100
A business that performs an activity for a fee
What is a service business?
100
An increase in owner’s equity resulting from the operation of a business
What is revenue?
100
An amount recorded on the left side of a T account.
What is a debit?
100
A form for recording transactions in chronological order
What is a journal?
200
A person, who plans, summarizes, analyzes, and interprets accounting information.
What is an accountant?
200
A business owned by one person
What is a proprietorship?
200
A decrease in owner’s equity resulting from the operation of a business
What is an expense?
200
An amount recorded on the right side of T account
What is credit?
200
Information for each transaction recorded in a journal
What is an entry?
300
The principle of right and wrong that guide an individual in making decisions
What is ethics?
300
Anything of value that is owned
What is an asset?
300
Assets take out of a business for the owner’s personal use
What is withdrawals?
300
An accounting device used to analyze transactions
What is a T Account
300
A business form ordering a bank to pay cash from a bank account
What is a check?
400
A business selling accounting services to the general public
What is public accounting firm?
400
Financial rights to the assets of a business
What is equities?
400
Two accounts affected when cash is paid for supplies
What is cash and supplies?
400
Any amount received
What is debit?
400
A business form giving written acknowledgement for cash received
What is a receipt?
500
A person who does general accounting work, plus some summarizing and analyzing of accounting info
What is a bookkeeper?
500
An amount owned by a business
What is liabilities?
500
Rent is this kind of transaction
What is expense?
500
Any amount paid
What is credit?
500
A form on which a brief message is written describing a transaction
What is a memorandum?